Bank of Maharashtra announced that at the board meeting held on 24 April, 2023 recommended a dividend of INR 1.30 per equity share of INR 10/- each fully paid up (i.e. 13%) out of the net profits for the year ended March 31, 2023, subject to the approval of the shareholders at the upcoming Annual General Meeting of the Bank. Accordingly, it is informed that the Record Date for determining the eligibility of members entitled to receive dividend on equity shares is 2nd June, 2023. Dividend, if approved by the shareholders of the Bank, shall be paid after the AGM to those shareholders, whose names appear in the Bank's Register of Members/Register of Beneficial Owners maintained by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited as at the close of business hours on 2nd June, 2023.